Bitcoin faces $240B demand shock as ‘surprise’ tax refunds and new IRS crypto rules arrive

Tax season is now more connected to Bitcoin’s retail demand. Bitcoin has spent the first half of April trading in the low $70,000s, with recent moves through the $71,000 to $75,000 zone keeping the asset close enough to its highs for retail attention to return quickly. But there’s a more important change happening beneath the surface. A lot of household cash is moving through the U.S. financial system as today’s Apri…